Although an extremely criticized business, the online gambling business has been a critical department of the US market. Aside from how it leads over $140 billion into the US economy each year, in addition, it employs over 730,000 Americans. Las Vegas, one of the planet’s most popular gambling destinations, continues to get an influx of gambling fans each year. But the majority of the gambling firms located in this gamblers’ paradise have resorted to taking their businesses online. A survey by Statista indicated that the global store size for online gambling was projected to reach $60 billion this year. Online casinos and sportsbook operators have dominated the largest store share for online betting.
The online gambling store is segmented depending on various aspects. These include the type of game and device, the end-user, and the region/country offering gambling opportunities. Most notably, the global online gambling scene has continued to experience growth, thanks to the advancement in technology and an gain in the number of gambling enthusiasts. The widespread adoption of smartphones and app-enabled devices has especially influenced the growth of online gambling because most gamblers and bettors are using their smartphones to wager their bets and win real money.
Another factor that has propelled digital gambling is the introduction of virtual money by most online gambling sites. For instance, smartphone users in Nevada can now use cryptocurrency to place their bets and gamble online because most casinos accept virtual payments. Virtual money has revolutionized the gambling industry as it has alleviated security concerns that surrounded cash transactions. Additionally, online casinos and sportsbooks can effortlessly offer redeemable bonuses and rewards.
An Overview of Gambling Laws in the US
Despite its increasing popularity, according to USGamblingSites.com, the US online gambling industry has been under the radar of many economy critics, especially when it comes to its legality. People need to understand that online gambling in the US is a restricted industry. That is not to say that gambling is illegal. You can establish an online casino, sportsbook, or poker tournament without any legal repercussions.
Ideally, the laws governing the online gambling industry are designed as a double-edged sword. They regulate gambling activities and transactions on online websites while guiding individuals or companies aspiring to set up a sportsbook betting site or hoping to engage in a poker tournament.
The laws governing gambling vary from state to state. Most of these policies focus a lot of on online sports betting, poker tournaments, and online casinos. For instance, the online gambling marketplaces in New Jersey and Pennsylvania accepts all these types of games, while Delaware only prohibits online sports betting. Meanwhile, states such as Colorado and Rhode Island do not allow the establishment of online poker rooms and online casinos but accept sports betting.
Bonuses and Rewards on Online Gambling Sites
A stand-alone and significant promotional factor about online gambling websites is that they offer new bettors and gamblers bonuses and rewards for opting to use their [casino] platforms. These bonuses add value to the service, not to mention it enables new players to bolster their account savings.
You can obtain a bonus by signing up for a gambling site and depositing a betting amount. Most online casinos and poker rooms are generous enough to offer higher winning chances by using the bonuses. Anyone can obtain a bonus, regardless of the amount of money they stake. And while high-end gamblers gain the bulk of their money, small spenders also enjoy additional value; it is only that it varies.
It is understandable to be a little cynical as to why an online casino should give away free gambling money. Well, the answer is simple: they want to attract and retain you as a consumer. The online gambling industry is flooded with many casinos, making the competition stiff.
Bonuses and rewards are marketing strategies. It makes perfect sense if you splurge a considerable amount of cash into sign-up bonuses and obtain more potential customers. Betting bonuses and rewards do work, because they entice people to choose your site, provided you offer lucrative bonuses and straight-forward sign-up terms.
Types of Bonuses and How They Work
While brick-n-mortar casinos attract gambling enthusiasts using their bright lights, glitz, and glamor, gambling sites do that by providing bonuses and rewards. These are the things that make first-time bettors and gamblers to want to choose a specific gambling platform. You can learn more facts about the various types of casino bonuses here. Read on.
These are mostly designed for new users in the slot game industry. Also knows as cash spins, wager-free spins, or extra spins, free spins encourage people to play a bitcoin slot game free spin, giving them a chance to win real money without wagering any amount. However, you need to choose a slot game with free spins because some require to meet certain wagering conditions.
No Deposit Bonus
As the name suggests, online casinos that provide a no deposit bonus does not require new players to deposit any amount to play. You can, therefore, gamble for free and win real cash, except that you won’t be in a position to draw the sum. The only disadvantage about no deposit bonuses is they need players to fulfill several wagering requirements before withdrawing the amount won. They also have a brief validity period, past which they may be used.
One of the most popular gambling bonuses, the welcome bonus is offered to new users who sign up to a particular online casino. Nonetheless, they’ll need to deposit a specified amount to trigger the welcome bonus, usually 100% or 200% of the deposit amount. When shopping for the best welcome bonus, ensure you check the wagering requirements as well as the maximum cash out.
A VIP reward or a royalty casino program gives you access to top-tier gambling services with a personalized twist. Most of these programs ensure that VIP members have the best gaming experience and satisfaction of their gambling needs.
Some of the profits that come with a VIP casino membership include extended bet limits, exclusive VIP games, additional bonuses, personal VIP dealers, and a VIP team on standby 24/7.
If you are in search of the most popular online gambling and sports betting sites that provide the best bonuses, rewards, and VIP offers, here’s our top list of the recommendable virtual gambling sites.
- BetWay – Deposit bonus: $1,080
- JackpotCity Casino – Deposit bonus: $1.730
- Spin Palace – Deposit bonus: $1,080
- RoyalVegas – Welcome bonus: $1,200
- GamingClub Casino – Welcome bonus: $350
- PlatinumPlay Online Casino – Welcome Bonus: $1,000